Worksport (WKSP) CEO receives 88K shares in $75K stock bonus
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rossi Steven F. reported open-market purchase transactions in this Form 4 filing.
Worksport Ltd director and CEO Steven F. Rossi acquired 88,214 shares of common stock on April 13, 2026. The shares were issued in satisfaction of previously accrued and unpaid bonus compensation and valued at $0.8502 per share, for an aggregate value of $75,000. Following this issuance, Rossi directly holds 2,614,085 shares of Worksport common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 88,214 shares ($75,000)
Net Buy
1 txn
Insider
Rossi Steven F.
Role
CEO and President
Bought
88,214 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 88,214 | $0.8502 | $75K |
Holdings After Transaction:
Common Stock — 2,614,085 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares issued to CEO: 88,214 shares
Share valuation: $0.8502 per share
Aggregate bonus value: $75,000
+1 more
4 metrics
Shares issued to CEO
88,214 shares
Common stock issued as bonus compensation on April 13, 2026
Share valuation
$0.8502 per share
Closing price on April 10, 2026 used to value bonus shares
Aggregate bonus value
$75,000
Total value of bonus compensation settled in stock
Post-transaction holdings
2,614,085 shares
Worksport common stock held directly by CEO after transaction
Key Terms
bonus compensation, aggregate value, closing price, open-market purchase
4 terms
bonus compensation financial
"issued in satisfaction of previously accrued and unpaid bonus compensation"
aggregate value financial
"for an aggregate value of $75,000"
closing price financial
"valued at $0.8502 per share, the closing price of the issuer's common stock"
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transaction did Worksport (WKSP) report for CEO Steven F. Rossi?
Worksport reported that CEO Steven F. Rossi acquired 88,214 shares of common stock. These shares were issued as payment for previously accrued and unpaid bonus compensation, rather than purchased for cash, and were valued using the April 10, 2026 closing share price.
Was the Worksport (WKSP) CEO’s Form 4 transaction an open-market purchase?
Although coded as a purchase, the filing’s footnote explains the 88,214 shares were issued to CEO Steven F. Rossi as payment for accrued bonus compensation. This means the transaction was compensation-related, not a cash open-market share purchase by the CEO.